Timing is very hard. When to buy? When to sell? Most investors get it wrong. As we reach new ATHs, many people may be wondering how to buy high and sell low. Hence, I decided to make this simple guide for everyone.
- You buy when you can afford it.
- Never put money you cannot afford to lose.
- The best moment to buy was ten years ago, the second best moment is now (because it is the earliest you can).
- You sell when you need to.
- If you do not need to, HODL.
- Money and assets are means to get things, not an end on themselves. YOLO.
Of course, some people can time the market in better ways, but not dummies. I do not know much, but I know my limits, hence I keep it simple. If you are wiser or smarter, good for you, otherwise, I hope this helps.
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